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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (22271)12/31/1998 1:42:00 PM
From: IQBAL LATIF  Read Replies (1) of 50167
 
OSX doing great-- did we catch the bottom only time will tell but the entry yesterday was great and it looks the market is watching. I just checked my info base they told me Kuwait heavy is selling near the 1974 lows- now this before Shah of Iran got heady- this was old good days of cheap oil.. if you even forget about cartel 'OPEC' and take out the inflation from '1974 to 1999', just one yardstick tells me we might be at the bottom- do you remember where was DOW at in 1974 and what was the size of world economy in 1974.

I know that size of the global economy has exponentially moved higher and DOW from 1974 has moved on to new terrtitories but Kuwaiti Oil still trades at 1974 lows - ask me will it last 'I say no' fwiw-- London brent is one yardstick to look at Oil but Kuwait's heavy is already hitting the lows-- is this something that markets knows about I think no--
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